Charlie Jamieson's guest appearances

Charlie Jamieson

Inside the Rope with David Clark

The Rules of Investing

Chris Judd's Talk Ya Book Podcast

Phil King

Chris Joye

Andrew Mitchell

Chris Stott

Catherine Allfrey

Oscar Oberg

Matthew Kidman

Kenny Arnott

Hamish Douglass

Emma Fisher

Ben Griffiths

Michael Goldberg

Harley Grosser

Steve Johnson

Peter Cooper

OwlTail

The RBA lifted the cash rate yesterday by 25 basis points, to 0.35%. And just like that, its war on inflation - which it will wage against aggregate demand - is underway.  The threat of inflation has been written on the wall for some time, though, prompting some to wonder if the central bank has dropped the ball. Today's guest, Charlie Jamieson, co-founder of Jamieson Coote Bonds, questions whether the RBA ever had the ball in the first place, having stated as early as last year that it didn't expect to lift rates for three years. "It was absurd to think we'd be in 0.10% settings until 2024," says Jamieson.  The hikes will now come thick and fast, if bond market prognostications are anything to go by.  "The bond market is pricing the RBA to hike rates higher than the US Federal Reserve... that's extraordinary." In today's episode, Charlie rates the RBA’s handling of the inflation (and he doesn’t mince his words), how bonds will perform in light of it, and pulls back the curtain on bond portfolio construction - namely, which bonds to include and when.  1:26 - Did you expect inflation to be that high? 5:05 - Has the RBA dropped the ball? 12:35 - How culpable are central banks for inflation? 20:40 - The yield curve inversion - trajectory for rates? 28:30 - How possible is it for credit markets to freeze up? 31:50 - Bond return expectations 37:15 - How do you balance the duration as rates and expectation change? 41:45 - Active vs passive bond funds? 45:00 - Absolute return vs index bond funds 48:00 - How bad will it get? 50:55 - 3 questions

The RBA lifted the cash rate yesterday by 25 basis points, to 0.35%. And just like that, its war on inflation - which it will wage against aggregate demand - is underway.  The threat of inflation has been written on the wall for some time, though, prompting some to wonder if the central bank has dropped the ball. Today's guest, Charlie Jamieson, co-founder of Jamieson Coote Bonds, questions whether the RBA ever had the ball in the first place, having stated as early as last year that it didn't expect to lift rates for three years. "It was absurd to think we'd be in 0.10% settings until 2024," says Jamieson.  The hikes will now come thick and fast, if bond market prognostications are anything to go by.  "The bond market is pricing the RBA to hike rates higher than the US Federal Reserve... that's extraordinary." In today's episode, Charlie rates the RBA’s handling of the inflation (and he doesn’t mince his words), how bonds will perform in light of it, and pulls back the curtain on bond portfolio construction - namely, which bonds to include and when.  1:26 - Did you expect inflation to be that high? 5:05 - Has the RBA dropped the ball? 12:35 - How culpable are central banks for inflation? 20:40 - The yield curve inversion - trajectory for rates? 28:30 - How possible is it for credit markets to freeze up? 31:50 - Bond return expectations 37:15 - How do you balance the duration as rates and expectation change? 41:45 - Active vs passive bond funds? 45:00 - Absolute return vs index bond funds 48:00 - How bad will it get? 50:55 - 3 questions

Charlie Jamieson: Bond market pricing in ”extraordinary” rate hikes

What makes for a quality government bond portfolio, and why should investors be attracted to them?In this episode, Charlie and David discuss the benefits of high-quality government bonds in what Jamieson Coote say can help defend and protect investors portfolios by providing income, liquidity and downside protection in a period of heightened volatility.Jamieson Coote Bonds managed approximately $5.25bn in assets before the COVID-19 Crisis whilst delivering returns of 7.64% over the last 12 months to April 2020 in its domestic fund.Referencing August of last year when Swiss government bonds were yielding minus 1.1%, yet the total return of the relevant index year to date at that time was 14.5%, Charlie highlights the potentially 'eye-watering' returns that can still present themselves while bond yields are negative.

What makes for a quality government bond portfolio, and why should investors be attracted to them? In this episode, Charlie and David discuss the benefits of high-quality government bonds in what Jamieson Coote say can help defend and protect investors portfolios by providing income, liquidity and downside protection in a period of heightened volatility. Jamieson Coote Bonds managed approximately $5.25bn in assets before the COVID-19 Crisis whilst delivering returns of 7.64% over the last 12 months to April 2020 in its domestic fund. Referencing August of last year when Swiss government bonds were yielding minus 1.1%, yet the total return of the relevant index year to date at that time was 14.5%, Charlie highlights the potentially 'eye-watering' returns that can still present themselves while bond yields are negative.

Ep 68: Charlie Jamieson - How negative yields can still provide positive returns

Kevin Muir recently wrote that “stocks trade on dreams, bonds trade on reality” and with so many stock investors scratching their heads at the recent price action, we’re lucky to have been able to sit down with Charlie Jamieson from Jamieson Coote Bonds in this episode of Talk Ya Book to do a deep dive into the bond market, the role it plays in relation to all assets and what bonds are currently trying to tell us about the state of the global economy.See omnystudio.com/listener for privacy information.

Kevin Muir recently wrote that “stocks trade on dreams, bonds trade on reality” and with so many stock investors scratching their heads at the recent price action, we’re lucky to have been able to sit down with Charlie Jamieson from Jamieson Coote Bonds in this episode of Talk Ya Book to do a deep dive into the bond market, the role it plays in relation to all assets and what bonds are currently trying to tell us about the state of the global economy.See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.